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Thursday, April 05, 2018

Open Metrobank OFW ATM Savings Account With No Deposit and Zero Maintaining Balance






Overseas Filipino Workers (OFWs) are big earners since they are earning dollars or currency with a much bigger when exchanged for Philippine money. Their cash remittance is one major reason why our economy is growing. That is why OFWs are called our "modern-day heroes".

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Overseas Filipino Workers (OFWs) are big earners since they are earning dollars or currency with a much bigger when exchanged for Philippine money. Their cash remittance is one major reason why our economy is growing. That is why OFWs are called our "modern-day heroes".  However, according to 2011 study conducted by Social Enterprise Development Partnership Incorporated, it was found out that eight out of 10 OFWs of those who return to the country have NO SAVINGS! This is in spite of working abroad for many years with a bigger salary.  Aside from the common money mistakes OFWs commit, maybe one reason why they are left with no savings because they do not have a time or access to a banking institution with a friendly offer just for them.  We all know that life of OFWs in other country is not easy and going to the bank to deposit or check your money is a hassle. Many OFWs opens a savings account but eventually got closed due to lack of time updating their account while working abroad.  This is not a problem nowadays because of "OFW Peso Savings Account" in Metrobank. On the bank's website, it says:  "A basic savings account that ensures your money is accessible and earns interest. Your foreign currency remittance is converted into Philippine pesos, saving your family the hassle of having to change money into local currency. You can also opt to track your balance through a passbook."  And the good thing about OFW Peso Savings Account from Metrobank, it will not require you to have initial deposit when opening an account. Not just this, because your account will still active even without maintaining balance, provided there is at least one remittance transaction made to your account within one year. That remittance transaction should be from Metrobank foreign branches/offices or any accredited Metrobank foreign remittance partners.  With OFW Peso Savings Account from Metrobank, OFW can easily save for his future, access his account through ATM and track his transaction through passbook!

However, according to 2011 study conducted by Social Enterprise Development Partnership Incorporated, it was found out that eight out of 10 OFWs of those who return to the country have NO SAVINGS! This is in spite of working abroad for many years with a bigger salary.



Aside from the common money mistakes OFWs commit, maybe one reason why they are left with no savings because they do not have a time or access to a banking institution with a friendly offer just for them.


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We all know that life of OFWs in other country is not easy and going to the bank to deposit or check your money is a hassle. Many OFWs opens a savings account but eventually got closed due to lack of time updating their account while working abroad.



This is not a problem nowadays because of "OFW Peso Savings Account" in Metrobank. On the bank's website, it says:



"A basic savings account that ensures your money is accessible and earns interest. Your foreign currency remittance is converted into Philippine pesos, saving your family the hassle of having to change money into local currency. You can also opt to track your balance through a passbook."

Overseas Filipino Workers (OFWs) are big earners since they are earning dollars or currency with a much bigger when exchanged for Philippine money. Their cash remittance is one major reason why our economy is growing. That is why OFWs are called our "modern-day heroes".  However, according to 2011 study conducted by Social Enterprise Development Partnership Incorporated, it was found out that eight out of 10 OFWs of those who return to the country have NO SAVINGS! This is in spite of working abroad for many years with a bigger salary.  Aside from the common money mistakes OFWs commit, maybe one reason why they are left with no savings because they do not have a time or access to a banking institution with a friendly offer just for them.  We all know that life of OFWs in other country is not easy and going to the bank to deposit or check your money is a hassle. Many OFWs opens a savings account but eventually got closed due to lack of time updating their account while working abroad.  This is not a problem nowadays because of "OFW Peso Savings Account" in Metrobank. On the bank's website, it says:  "A basic savings account that ensures your money is accessible and earns interest. Your foreign currency remittance is converted into Philippine pesos, saving your family the hassle of having to change money into local currency. You can also opt to track your balance through a passbook."  And the good thing about OFW Peso Savings Account from Metrobank, it will not require you to have initial deposit when opening an account. Not just this, because your account will still active even without maintaining balance, provided there is at least one remittance transaction made to your account within one year. That remittance transaction should be from Metrobank foreign branches/offices or any accredited Metrobank foreign remittance partners.  With OFW Peso Savings Account from Metrobank, OFW can easily save for his future, access his account through ATM and track his transaction through passbook!
(Screenshot from Metrobank.com.ph)


Overseas Filipino Workers (OFWs) are big earners since they are earning dollars or currency with a much bigger when exchanged for Philippine money. Their cash remittance is one major reason why our economy is growing. That is why OFWs are called our "modern-day heroes".  However, according to 2011 study conducted by Social Enterprise Development Partnership Incorporated, it was found out that eight out of 10 OFWs of those who return to the country have NO SAVINGS! This is in spite of working abroad for many years with a bigger salary.  Aside from the common money mistakes OFWs commit, maybe one reason why they are left with no savings because they do not have a time or access to a banking institution with a friendly offer just for them.  We all know that life of OFWs in other country is not easy and going to the bank to deposit or check your money is a hassle. Many OFWs opens a savings account but eventually got closed due to lack of time updating their account while working abroad.  This is not a problem nowadays because of "OFW Peso Savings Account" in Metrobank. On the bank's website, it says:  "A basic savings account that ensures your money is accessible and earns interest. Your foreign currency remittance is converted into Philippine pesos, saving your family the hassle of having to change money into local currency. You can also opt to track your balance through a passbook."  And the good thing about OFW Peso Savings Account from Metrobank, it will not require you to have initial deposit when opening an account. Not just this, because your account will still active even without maintaining balance, provided there is at least one remittance transaction made to your account within one year. That remittance transaction should be from Metrobank foreign branches/offices or any accredited Metrobank foreign remittance partners.  With OFW Peso Savings Account from Metrobank, OFW can easily save for his future, access his account through ATM and track his transaction through passbook!

And the good thing about OFW Peso Savings Account from Metrobank, it will not require you to have initial deposit when opening an account. Not just this, because your account will still active even without maintaining balance, provided there is at least one remittance transaction made to your account within one year. That remittance transaction should be from Metrobank foreign branches/offices or any accredited Metrobank foreign remittance partners.

With OFW Peso Savings Account from Metrobank, OFW can easily save for his future, access his account through ATM and track his transaction through passbook!


Interested in opening an OFW account in Metrobank? Visit their website or visit the nearest branch in your area.

Note. Jbsolis is not connected or affiliated with Metrobank. Also, this post is not a sponsored but with an aim to give information to OFWs. All transaction you'll enter with the bank is at your own cost. 
This article is filed under: Finance, Metrobank Savings for OFW, ATM Savings Account for OFW, Savings Account for OFW